Travel Agency Credit Card Processor
At Green Pay, we have team members who are experts the ins and outs of payment processing for the travel industry; they also know how to get travel businesses including high risk and high volume accounts approved for credit card processing accounts. We have reliable solutions for travel agencies, online vacation packages, travel websites, tour operations and more.
For agencies, we offer a wide selection of countertop and wireless terminals, electronic check acceptance and loyalty programs. Our mobile processing solutions for smartphones and tablets are perfect for tour operators. And of course, if you have a website, we offer many online solutions including payment gateways, virtual terminals and shopping carts. No matter what you need, Green Pay can provide the payment processing solution that works for your business!
Secure a Merchant Account for Your Travel Website or Agency Company:
- Visa, Mastercard, Discover, Amex
- Secure payment gateway and virtual terminal
- SSL secured & PCI compliant solutions
- Same Day Approvals Available
- ACH & electronic check processing
- Great rates & FREE integration
- Tour Operators, Nude / Adult Cruise Lines
- 24/ Customer Relations and Tech Support
- Chargeback insurance available on all accounts
- Travel Clubs, Membership Clubs, High Volume
When it comes to starting a business be it big or small, every person’s worry is about the funding. Finance industry has expanded and we now find options to finance any type of business. But the problem lies in finding the right type of lender of finances. Some businesses are considered high risk and these might not be easy to start if you do not have a high risk merchant you can rely on.
Online Travel Companies / MOTO
When we talk about travel business we are talking about everything from travel clubs, to hotel booking agencies, to travel memberships, travel brokers and others. The common conception when we talk about high risk businesses is that they include only the gambling industry and other such businesses that are in controversies at most times. But the truth is that in general even startups are considered high risk investments. This is why it is difficult to find the right source of finances. Businesses aren’t deemed risky investments based on the industry they belong to but on the type of transactions involved and the volume of transactions involved.
Closed / Shutoff / Denied by other credit card processors
Consider those businesses where payments are done far before the actual product or service is received. The one business that comes to mind is the travel business. People book tickets months in advance. The long time gap in between puts the whole risk factor in the business. Lots of things change in the time gap and this can lead to a change in the plans. Online businesses however would have to make a refund promise simply because that is the only just way to win the customer’s trust and after all customers would not want to spend on something that they did not use. So if a customer books a tour and pays for it months in advance and then cancels the trip few weeks before the schedule then the travel agency would have to repay the sum. All the bookings that the travel agency had made for the customer would have to be canceled and all associated payments would have to be revoked. The whole process incurs a lot of additional costs. But the travel agency would not have the time to wait for the payments to return to be able to repay the customer. This is why travel agencies might get sudden finance needs that would have to be met without delays. And given the costs involved these fall into the high risk category.
Other consideration here is the wavering ticket rates. Then comes the matter of political issues that might lead to a particular region being restricted for travel in a given period. Several such cases can lead to a lot of fluctuation in the way things operate in the travel business. These are businesses with heavy chargeback. In the case of some mistake, in the case of fraudulent transactions the account provider would be the one who would have to face all the expenses. The account provider would be in a position to pay the customer back. This puts the account provider at a risk of handling large chargeback amounts at unprecedented situations. Consider for example the case where a large sum is paid by the customer for booking a tour package. If due to some unplanned reason the travel agency plans to cancel the tour then the customer would, through the same merchant that helped make the payment, expect a refund to happen. Before the travel agency actually repays and takes care of the situation the merchant account provider would have to handle the customer and make the payment to the customer. Given the domestic and offshore options available and given the fact that both have their own benefits choosing one that suits the business aptly would be a good choice.
High Risk Merchant Account Provider for Travel Clubs
Considering all the above factors normal money lenders look at travel business as a high risk bet. So they might take a long time to process financing requests from these businesses. Some might refuse to finance these businesses while some might simply levy heavy charges. So a high risk merchant account provider would be an ideal choice. Hotel Booking, Travel Clubs and Travel businesses, to a large extent focus on high ticket transactions. The future dated invoices might thus be difficult for normal banks to handle. A risk merchant account provider with the experience in the field would understand the nuances of the market and would be able to set the right track for the financing. For travel businesses that are looking to expand high risk merchants would be a more flexible option that can adapt thanks to the scalability offered and the freedom to explore new areas.
Our representatives are happy to answer any questions you might have about our solutions for small, medium, and large business owners in every company size and industry imaginable. Please contact us for more information or to set up an account today.